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Boeing has seen a sharp decline in order backlog for 777 wide-body jets, according to J.P. Morgan analyst Joseph Nadol, while the backlog for 737s has held up well. According to Nadol, Boeing is losing ground to the Airbus A350XWB among airlines seeking wide-body airliners. Most industry speculation has centered on a possible successor to the 737, but Nadol says the 777 is Boeing's more vulnerable model.

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Boeing is exploring the possibilities of a new aircraft, larger than its 737, but more compact than its wide-body craft. The potential plane would be larger than Boeing's out-of-production 757, and boast a longer range. Senior Vice President John Wojick said that Boeing is projecting demand for at least a thousand such planes.

Delta Air Lines is discussing purchasing jets from Airbus and Boeing in a deal that could be worth up to $6 billion, sources say. Delta is considering a purchase of either the Airbus A320 or Boeing 737 for narrow-body jets, and either the Airbus A330 or Boeing 777 for wide-body jets.

Upgrades to the wide-body Boeing 777 will likely have to wait until the company revamps its workhorse 737 model, says Boeing official Mike Bair. "Six or nine months ago, we were leaning toward a bigger airplane sooner," he says, but today, "most of the emphasis is on a new, small airplane." Bair says an all-new single-aisle jet would likely be wider than the current 737 and could seat up to 220 passengers.

Boeing has seen a sharp decline in order backlog for 777 wide-body jets, according to J.P. Morgan analyst Joseph Nadol, while the backlog for 737s has held up well. According to Nadol, Boeing is losing ground to the Airbus A350XWB among airlines seeking wide-body airliners. Most industry speculation has centered on a possible successor to the 737, but Nadol says the 777 is Boeing's more vulnerable model.